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2010 Commercial Space Matching Service |
Click here to register your commercial space now!
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Are you thinking about sub-letting your commercial space or taking a booking from the many groups who need to be here during the period of the 2010 Olympic and Paralympic Winter Games (the “Games”) - January 1 to March 31, 2010?
The Whistler Chamber, in cooperation with Tourism Whistler, Whistler.com, and the Resort Municipality of Whistler, invites you to the new commercial space matching service. This service offers great possibilities by connecting you directly to the many potential renters from the groups associated with the Games (such as National Olympic Committees, International Sport Federations and sponsors), who have a variety of space needs. Through VANOC, interested organizations seeking space in Whistler during the Games period will be provided with secured access to the list of commercial space on Whistler.com starting in September, 2007.
The service is free of charge. To participate, you simply need to enter your contact details and space specifications in the online registration form. Please note that this is an information and matching service only. The parties mentioned above will NOT participate in any negotiations between you and interested organizations.
We encourage you to plan ahead and have a strategy for the Games!
By offering this service, the Whistler Chamber is not intending to encourage local businesses to vacate their space. In fact, our hope is that most businesses will remain open to offer our guests an authentic Whistler experience. However, for some business owners the matching service tool may be a good fit. Some may want to volunteer and enjoy the Games or may feel that their services and products will not be in demand during the Games. Either way, businesses with a solid business plan for the Games will benefit the most from this huge business opportunity.
Things to think about:
Imagine that there are more people in Whistler than we have ever seen on our busiest day. Add to that and multiply it by 17+ days. What are the opportunities for your business?
1. What are your options? - Run your business ‘above’ usual
- Operate your business and rent out to certain groups
- Vacate your business space and sub-lease to a group associated with the Games
2. What are the pros and cons for each option?
- What's the short term gain versus a long term strategy?
- How will my business be represented while so many visitors are here?
- What opportunities are available that I haven't considered?
- What operational challenges will I face?
3. Use online business planning tools, e.g.
Canada Business – Interactive Business Planner
Community Futures
Women’s Enterprise Centre
4. Calculate the revenue potential of each option and for a variety of scenarios.
5. Calculate the expenses for each option. Include potential moving costs, storage of inventory, utilities, HR costs, etc. Also, factor in loss of wages for owner/operators and potentially losing valuable employees.
6. If you are the tenant and are considering sub-leasing, check your lease or other agreement with your landlord. Do they have to agree? Does your landlord share in the additional revenue?
7. Other considerations: - Use a lawyer or commercial realtor to ink the deal
- What insurance will be required?
- Check with your accountant on potential tax issues
If you've decided to pursue your options of sub-letting or renting to groups during the Games, you can click to register your commercial space now.
Louise Lundy
President
Whistler Chamber of Commerce |
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